Details on which areas registered representatives earn the most and least here can be found below. Additionally, information on how to operate as a securities salesperson in Minnesota are included as well.

The Average Stock Broker Salary in Minnesota is $68,460

The Top 3 highest medians (Yearly salaries)

Minneapolis-St. Paul-Bloomington, MN-WI MSA – $80,240

Southeast Minnesota (BOS) – $53,640

Fargo, ND-MN MSA – $51,840

The 3 Lowest medians

Mankato-North Mankato, MN MSA – $34,650

St. Cloud, MN MSA – $36,310

Grand Forks, ND-MN MSA – $37,150

How Much Do Stockbrokers Make in Minnesota? (Annual Rates and Employment)

Registered representatives in this state can earn a comfortable living through commissions, bonuses and base salary. Employment is also quite high compared to other states in the Midwest region.

How to Become a Stockbroker in Minnesota

[A] – Education

A quality education from a reputable post-secondary institution is crucial in today’s job market. Firms will take preference over those who have earned a bachelor’s degree in anything related to Accounting, Business or Finance. You can learn more here.

[B] – License

In order to trade securities, a Series 7 License must be obtained. This requires sponsorship from a FINRA-member firm, a self-regulatory organization (SRO) or an exchange. A Series 63 or 66 license is required by the state as well.

[C] – Registration

The Minnesota Department of Commerce is the body tasked with licensing stock brokers who wish to operate within this state. Form U4 should be completed and sent via the Central Registration Depository (CRD) along with a $50 fee.

Renewal is required on December 31 with a fee of the same amount.

Average Salary of Other Financial Careers in Minnesota

Insurance Sales Agents – $55,680

Real Estate Sales Agents – $36,520

Financial Analysts – $76,310

Credit Analysts – $65,680

Employment Opportunities in Minnesota

How Much Do Stockbrokers Make in Minnesota How to Become a Stockbroker in Minnesota The Average Stock Broker Salary in Minnesota